https://www.taxtmi.com/caselaws?id=38985 The High Court held that the Income-tax Tribunal exceeded its jurisdiction by directing the Appellate Assistant Commissioner to determine the nature of the loss beyond the defined controversy of speculative versus business loss. Despite the availability of an alternative remedy under the Income-tax Act, the Court granted relief to the petitioner due to the Tribunal's jurisdictional overstep, setting aside the Tribunal's direction regarding the nature of the loss while affirming the rest of the Tribunal's order in the interest of justice. en-us Tue, 12 Aug 1975 00:00:00 +0530 Sat, 10 Apr 2010 17:51:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38985 The High Court held that the Income-tax Tribunal exceeded its jurisdiction by directing the Appellate Assistant Commissioner to determine the nature of the loss beyond the defined controversy of speculative versus business loss. Despite the availability of an alternative remedy under the Income-tax Act, the Court granted relief to the petitioner due to the Tribunal's jurisdictional overstep, setting aside the Tribunal's direction regarding the nature of the loss while affirming the rest of the Tribunal's order in the interest of justice. Case-Laws Income Tax Tue, 12 Aug 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38985